Money is boring...until you spend it

Financial terms can be confusing. A lot of the acronyms and details used can leave you scratching your head or even dozing off. This can lead to you making misinformed decisions which aren't in your long term best interests. Our aim is to break this cycle, helping you solve your current situation in a way that your future self can be proud of your financial decisions today. Whether it is saving money or the easy task of spending money, One Pound Something is dedicated to helping you do this smarter.

• The type of account is called “Regular savings”
• This is great if you want to save for future gradually and not have to temptation to draw down on the funds.
• Because of the restricted access if you take the money out then you would be relinquishing the higher interest rate you receive.
• Rates can be up to 5%, but there is a cap on how much you can save each month.
• These accounts are usually exclusive to customers from a certain bank, so you may have to open up a current account with this bank.